Renovated 5-Unit Apartment
67 Pleasant St Weymouth, MA 02190
For Sale
$1,549,000
Pending
Five two-bedroom units with private balconies, separate heat/electric, and on-site parking on a 14,000+ sq. ft. lot.
Property Size4,352 SF
Lot Size0.32 Acres
Days on Market54
Property Features for 67 Pleasant St
General Information
- Standard status
- Pending
- Size
- 4,352 SF
- Lot size
- 0.32 Acres
- Property subtype
- 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1888
Listing Agency:
RE/MAX Realty Pros
(617) 851-0900
Listed By:
Tom McFarland
(617) 851-0900
Source:
Lockandkeyre
Added: Jun 4
Changed: Jul 10
Last Checked: Jun 10 at 1:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty Pros
Investment Insights
Based on property information with market context.
This is a well-maintained, renovated five-unit apartment building with five two-bedroom units. The property includes private balconies for each unit, and each unit has separate heat and electric. The building sits on a 14,000+ sq. ft. lot with plenty of parking, and there is coin-operated laundry in the basement. The property was significantly renovated in 2015–2016.
The building is presented as located in the heart of Columbian Square at 67 Pleasant St in Weymouth, MA. The offering notes that three units are currently vacant, creating an immediate opportunity for occupancy planning while other units remain in place.
For buyers seeking a turn-key multifamily asset, the layout and utilities are set up for individual tenant control with separate heat and electric per unit. With coin-operated laundry already on site and parking included, the property supports everyday resident needs. The current vacancy of three units also offers flexibility for lease-up and stabilization based on the buyer’s operating plan.
The building is presented as located in the heart of Columbian Square at 67 Pleasant St in Weymouth, MA. The offering notes that three units are currently vacant, creating an immediate opportunity for occupancy planning while other units remain in place.
For buyers seeking a turn-key multifamily asset, the layout and utilities are set up for individual tenant control with separate heat and electric per unit. With coin-operated laundry already on site and parking included, the property supports everyday resident needs. The current vacancy of three units also offers flexibility for lease-up and stabilization based on the buyer’s operating plan.
Key Highlights
- 5‑unit building built in 1888 with five 2‑bedroom units on a 14,000+ sq. ft. lot
- 2015–2016 significant renovations, with each unit having separate heat and electric
- Private balconies for all units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.4k | $31.80 |
| − Vacancy | −$7.6k | −$1.75 |
| EGI | $130.8k | $30.05 |
| − OpEx | −$58.9k | −$13.52 |
| NOI | $71.9k | $16.53 |
4,352 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$899.1K – $1.20M
NOI $71,930 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,346 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five two-bedroom units with private balconies, separate heat/electric, and on-site parking on a 14,000+ sq. ft. lot.
Where is this apartment building located?
The property is located at 67 Pleasant St Weymouth, MA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: 5‑unit building built in 1888 with five 2‑bedroom units on a 14,000+ sq. ft. lot; 2015–2016 significant renovations, with each unit having separate heat and electric; Private balconies for all units
